6. STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock option activity

Outstanding Options Under the 2006 Plan	Shares		Weighted Average Exercise price Per Common Share	Weighted Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
Balance, December 31, 2016		375,626	$6.82
Granted		184,523	6.30
Balance, June 30, 2017		560,149	6.65	5.79	$	793,610
Exercisable at June 30, 2017		205,000	7.51	0.43		228,400

Restricted Stock Awards activity

				Weighted-Average
				Remaining
				Contractual		Weighted-Average
	RSA's			Term (Years)		Fair Value
RSA's unvested at December 31, 2016		573,145				$6.18
Changes during the period
Granted		681,448				$5.98
Vested		(784,242	)			$6.02
RSA's unvested at June 30, 2017		470,351			0.86	$6.12